GUIDE WIRE CONNECTIONS – Guidewire (NYSE: GWRE) today unveiled Guidewire + Live, a suite of analytics applications to provide insurers with real-time information integrated into core systems throughout the insurance lifecycle. The announcement comes with the launch of Dobson *, the latest version of Guidewire’s market-leading cloud platform, at the company’s Connections customer conference. Guidewire Live and Dobson will be featured in the Connections opening keynote which will be broadcast live today at 8:30 am PT and available on demand.
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End-to-end Micro-BOP solution login, coverage and quote screens. (Source: guide wire)
Guidewire Live’s intelligent looping analytics powers applications that provide insurers with organized information from a variety of high-value data sources. Live Apps are integrated with core systems and enable more accurate decision making for claims handlers, adjusters, underwriters, risk managers and actuaries. Support for open source (Bring Your Own Model) analytical models, new data visualizations, integration of HazardHub property risk information with PolicyCenter, and better internationalization capabilities are just a few of the latest innovations included in Guidewire Live.
âTraditionally, insurers relied on historical data to make decisions, but in today’s rapidly changing marketplace, that’s not enough,â said Roger Arnemann, senior vice president and general manager, Analytics at Guidewire. “If insurers cannot react to what is happening now, they cannot be successful in the future. We’re excited to introduce Guidewire Live as the industry’s first smart loop analytics solution that empowers insurers to outperform, outperform and outperform in a rapidly changing environment.
Additionally, new advancements in the Dobsonian version of Guidewire Cloud Platform (GWCP) deliver more cloud agility than ever before and empower developers to drive innovation.
Guidewire GO **: Our rapid market expansion continues with GO Products, a new library of over 35 prepackaged product definitions, so teams can quickly launch a new line of commercial products.
Cloud Integration Framework **: Reduce complexity throughout the insurance lifecycle with integrations that are easier to deploy and maintain with Integration Gateway, App Events, and Cloud API.
HazardHub: Now integrated with PolicyCenter, HazardHub delivers risk information for commercial assets in the United States in seconds, providing comprehensive risk data in one place.
Blue-Green Deployment: A new DevOps service that allows developers to update configuration without any downtime, enabling business continuity.
Micro-BOP Solution: Offer specialized experiences tailored to home businesses. Solutions include packaged product artifacts, setup, and a team of experts that help insurers set up BOP coverage in as little as 12 weeks.
Guidewire was recently positioned as a leader in GartnerÂ® 2021 Magic quadrantMT for P&C Core Platforms, North America1for InsuranceSuite, marking its seventh consecutive year in the report. Guidewire was also named Challenger for the fifth consecutive time in the same report for InsuranceNow. Additionally, Guidewire has been positioned as a leader in Gartner 2021 Magic Quadrant for Non-Life Insurance Platforms, Europe.2 This is the fourth year in a row that InsuranceSuite has been recognized in the report.
Learn more about Guidewire Live on our website or read our blog + article.
To learn more about Dobson, visit our website.
* Guidewire Live and Dobsonian versions will generally be available on November 12, 2021.
** Indicates that the product functionality is only available to Early + Access customers.
1 Gartner, Magic Quadrant for P&C Core Platforms, North America, Sham Gill and James Ingham, September 14, 2021
2 Gartner, Magic Quadrant for Non-Life Insurance Platforms, Europe, Sham Gill and James Ingham, September 27, 2021
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About the guide wire
Guidewire is the platform P&C insurers trust to engage, innovate and grow effectively. We combine digital, core, analytics and AI to deliver our platform as a cloud service. Over 450 insurers, from new businesses to the world’s largest and most complex, operate on Guidewire.
As a partner of our clients, we continuously evolve to enable their success. We pride ourselves on our unprecedented implementation track record, with over 1,000 successful projects, supported by the industry’s largest R&D team and ecosystem of partners. Our marketplace provides hundreds of apps that accelerate integration, localization and innovation.
For more information, please visit www.guidewire.com and follow us on Twitter:% 40Guidewire_PandC.
NOTE: All products mentioned in this announcement are Guidewire products. Not all products are available in all geographies or for self-managed customers. Any unpublished services or features referenced in this press release or in other press releases or public statements are currently not available and may not be delivered on time or at all. Customers who purchase Guidewire applications should make their purchasing decisions based on the features currently available.
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the future availability of the press release. Dobsonian, the general availability of Dobsonian related features, programs, services and tools mentioned in this release, such as smart loop analysis, blue-green deployment and micro-BOP solution and features, programs, services and tools Early Access related to Dobson, such as Guidewire GO and Cloud Integration Framework. These forward-looking statements are made as of the date of their first publication and are based on current expectations, estimates, forecasts and projections as well as on the beliefs and assumptions of management. Words such as “expect”, “anticipate”, “should”, “believe”, “hope”, “target”, “plan”, “objectives”, “estimate”, “potential”, “predict”, “May,” “will”, “could”, “could”, “intention”, variations of these terms or the negative of such terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances beyond Guidewire’s control. Guidewire’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including, but not limited to, the risks detailed in Forms 10-K and 10-Q the most recent Guidewire files filed with the Securities and Exchange Commission. as well as other documents which may be filed by the Company from time to time with the Securities and Exchange Commission. In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by these forward-looking statements: quarterly and annual operating results may fluctuate more than expected; the impact of the COVID-19 pandemic on our employees and our business and the businesses of our customers, systems integrator (âISâ) partners and suppliers; seasonal and other variations related to our agreements with our customers and the recognition of associated revenues may cause significant fluctuations in our operating results and cash flows; our reliance on the sales and renewals of a relatively small number of large customers for a substantial portion of our revenues; our ability to successfully manage any change in our business model, including the transition of our products to cloud offerings and costs associated with cloud operations; our cloud-based products or services may experience data security breaches; we face intense competition in our market; our service revenues generate lower gross margins than our license, subscription and support revenues; our product development and sales cycles are long and may be affected by factors beyond our control; changes in accounting guidelines, such as revenue recognition, which have and may cause us to experience greater volatility in our quarterly and annual results; claims by third parties that we infringe their intellectual property rights could significantly harm our business; weakening global economic conditions may negatively affect the property and casualty insurance industry, including the rate of IT spending; general or destabilizing political events, including war, conflicts or acts of terrorism; our ability to sell our products is highly dependent on the quality of our professional services and our IS partners; the risk of losing key employees; the challenges of international operations, including fluctuations in exchange rates; and other risks and uncertainties. A previous performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent the views of Guidewire as of the date of this press release. The Company expects subsequent events and developments to result in a change of opinion. Guidewire has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be taken as representing the views of Guidewire as of any date subsequent to the date of this press release.
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